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. – Persson , M. ( 2012 ): Seizing the Moment: Aligning the EU Budget with Europe’s Economic Needs . Open Europe, June, http://www.openeurope.org.uk/Content/Documents/Pdfs/2012EUbudget

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The EU budget review, launched by the Commission in 2007, is a unique opportunity to critically examine EU policies and instruments. Structural Funds are at the heart of the EU’s cohesion efforts, and amount to almost one-third of the Community’s budget. They have two declared objectives, economic growth and regional convergence, but these do not always complement each other. The allocation of the Structural Funds is not efficient from a pure growth standpoint, and a large proportion of transfers takes place within regions. With enlargement, cross-country transfers increased significantly to 40% of total flows, and intra-regional redistribution decreased. In a more diverse EU, this is a step to the right direction. Yet, almost three-quarters of intra-country redistribution still happens within regions.

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Acta Oeconomica
Authors: Miklós Somai and Zsuzsánna Biedermann

). European Commission ( 2008 ): European Union Public Finance . Fourth Edition, http://ec.europa. eu/budget/library/biblio/publications/public_fin/EU_pub_fin_en.pdf#page=138 (last accessed September 11, 2016). European

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. Searching for Consensus: The Debate on Reforming EU Cohesion Policy Blankart, B. Charles - Kirchner, Christian (2003): The Deadlock of the EU Budget: An Economic Analysis of Ways In

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Since the reform of the Structural Funds in 1988 resulting from the Single European Act, Spain has been a net beneficiary of structural resources from the EU budget (which includes the Structural Funds and the Cohesion Fund). This situation has changed in the period 2007–2013, when significantly less EU funds will be allocated to Spain. The country will need to adapt to a changeover from being a net beneficiary of EU funds to becoming a net contributor.

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Somai, M. (2013): EU-Budget: Less Money, Less Europe? — The New MFF Seen from the New Member States Perspective. Unia Europejska Pl , 1(218): 13–22. Somai M EU-Budget: Less Money

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, Directorate-General Budget; http://ec.europa.eu/budget/ EC (2006b): EU Support for Cohesion and Rural Development 2007–2013. European Commission; http://ec.europa.eu/budget

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. London. Le Cacheux, J. (2007): Funding the EU budget with a genuine own resource: the case for a European tax. Notre Europe Studies , 57. Marján, A. (n.d.): Europe’s destiny — The old lady and the

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. European Communities ( 2009 ): EU Budget 2008. Financial Report . Luxembourg : Office for Official Publications of the European Communities . Flaig , G. – Rottmann , H. ( 2013

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/dgs/home-affairs/what-we-do/policies/organized-crime-and-human-trafficking/corruption/anti-corruption-report/docs/2014_acr_hungary_chapter_en.pdf. Accessed 15.3.2015. European Commission (2015a): Financial Programming and Budget. EU expenditure and revenue. http://ec.europa.eu/budget/figures/interactive/index_en.cfm. Accessed 21

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